In 2001 an initiative was started by the Swiss corporation New7Wonders Foundation to choose the New Seven Wonders of the World from a selection of 200 existing monuments. Twenty-one finalists were announced January 1, 2006. The results were announced on July 7, 2007, in Lisbon, Portugal. Machu Picchu is one of the Seven Wonders Of The Modern World. Standing 2,430 m above sea level, in the midst of a tropical mountain forest in an extraordinarily beautiful setting, Machu Picchu was probably the most amazing urban creation of the Inca Empire at its height. Its giant walls, terraces and ramps seem as if they have been cut naturally in the continuous rock escarpments. The natural setting, on the eastern slopes of the Andes, encompasses the upper Amazon basin with its rich diversity of flora and fauna. Machu Picchu covers 32,500 ha in some of the scenically most attractive mountainous territory of the Peruvian Andes. As the last stronghold of the Incas and of superb architectural and archaeological importance, Machu Picchu is one of the most important cultural sites in Latin America; the stonework of the site remains as one of the world's great examples of the use of a natural raw material to provide outstanding architecture which is totally appropriate to the surroundings.